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S.Africa: Housing market to trade sideways in 2012

Posted on 27 January 2012

Residential property prices are likely to continue to drift sideways this year, impacted by poor economic growth, according to bond originator, ooba. But ooba chief executive Saul Geffen said with interest rates remaining at historically low levels, which may drop further in 2012, home buyers and home owners would continue to benefit.

Geffen said that 2011’s third quarter economic growth figures had confirmed that SA had once again had little real economic growth, which should mean further pressure on the fragile labour market and negative real disposable income growth……………………………………….Full Article: Source


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